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please do it in 10 minutes will upvote 7. Canary Ltd. owns a yacht that is in need of repair and which was purchased for
please do it in 10 minutes will upvote
7. Canary Ltd. owns a yacht that is in need of repair and which was purchased for 6,800. The company is working to full capacity but is considering refurbishing the yacht for resale. Workers who are paid 20 per hour will carry out the refurbishment and it is estimated that 200 hours work is required. The normal labour charge for customers is 20 per hour. The company believes that the yacht could be sold for 6,200 in its current condition. Materials costing 1,000 would be required to carry out the refurbishment. Calculate the minimum resale price that the business would have to charge to justify the refurbishment of the yacht: A. 15,200 B. 11,200 C. 10,200 D. 6,200Step by Step Solution
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